Foreign names 'sway' investors

Report suggests prejudice in markets as investors are influenced by non-American sounding names

By

Lucy Burton

February 16, 2015 Updated: 7:01 p.m. GMT

Fund managers in the US with foreign-sounding names have fund flows roughly 10% lower than those with typical American names, even though their performance is the same, according to a groundbreaking academic study that attempted to find evidence of discrimination by investors.